A few Obama ‘man-caused disasters’ to ponder.
……Obama and his team have been having so much fun wielding dictatorial power while rescuing “failed” firms, that they have developed a scheme to gain the same power over every business. The plan is to enact policies that are so anticompetitive that every firm needs a bailout.
……last week, Microsoft Chief Executive Officer Steve Ballmer came to Washington to announce what Microsoft would do if Obama’s multinational tax policy is enacted.
“It makes U.S. jobs more expensive,” Ballmer said, “We’re better off taking lots of people and moving them out of the U.S.” If Microsoft, perhaps our most competitive company, has to abandon the U.S. in order to continue to thrive, who exactly is going to stay?
His attitude toward those who don’t like his economic policy screw-ups, from Forbes.com:
A recent Associated Press-GfK poll found that 41 percent of those surveyed disapproved of Obama’s handling of the deficit, his highest disapproval rating on any subject polled. Other surveys show that the public is particularly attuned to government spending and the amount of red ink in the budget.
Without naming names, Obama shot back at skeptics during the Cabinet meeting.
“I know that they are some who, despite all evidence to the contrary, still don’t believe in the necessity and promise of this recovery,” Obama said. “And I would suggest to them that they talk to the companies who, because of this plan, scrapped the idea of laying off employees and in fact decided to hire employees.
Tell that to the Americans who received that unexpected call saying, `Come back to work.'”
The deficit soars:
The federal budget deficit soared to a record for May of $189.7 billion, pushing the tide of red ink close to $1 trillion with four months left in the budget year.
The rising deficit reflects increased government spending due to the recession, and billions of dollars spent on bailouts for banks and other troubled companies.
The Treasury Department reported Wednesday that the red ink so far this year totals $991.9 billion. The administration is projecting the deficit for the budget year that began Oct. 1, will total an all-time record of $1.84 trillion. That would be more than four times the amount of last year’s record deficit.
Unemployment at a 25-year high:
Less than four months after the Obama administration argued that unemployment would top 9 percent only if Congress failed to pass a massive trillion-dollar “stimulus” spending bill, the Labor Department reported Friday that the jobless rate had soared to 9.4 percent, the highest in 25 years.
On the foreign policy front:
North Korea is set to test-launch its most advanced missile, one capable of delivering a nuclear payload to Alaska — a threat not felt by the U.S. since the end of the Cold War.
Defense Secretary Robert Gates, who is in the Philippines Monday discussing the region’s military and security issues, said Pyongyang appears to be preparing to launch an intercontinental ballistic missile — or ICBM — a projectile with a range of more than 4,000 miles.
The North Korean Gargoyle on any attempt to defend ourselves:
North Korean media said Wednesday that a U.S. pledge to extend its nuclear umbrella to South Korea and Japan over military threats from Pyongyang would consist of a declaration of nuclear war.
The commentary in the official newspaper of the ruling Workers’ Party of Korea is the latest in what is becoming increasingly frequent criticism against the U.S. nuclear umbrella covering its allies in Asia.
The report, carried by the official Korean Central News Agency, also criticized President Obama’s vision for a world without nuclear weapons laid out in April, calling it “falsehood.”
……The U.S. special envoy on North Korea, Stephen Bosworth, said Tuesday evening that the United States will do what is necessary for the security of its allies but has no plans to invade the North or overthrow its government by force.
So far, the Bamster’s response has been a plea for ‘more dialogue’, and the U.N. has decided to enact tougher sanctions, as if the ones already in place have actually made a difference.
Let’s see…9 trillion dollar projected deficit, a socialist takeover of private industry and corporations, and foreign policy kowtowing that makes Jimmy Carter look competent.
You can keep the “change”.